When looking at a country as a market or investment, the international business must consider the country's legal system. In that assessment, the firm needs to understand the differences between private actions, which refer to theft, piracy, blackmail, and the like from individuals or groups, and public actions, which are those actions taken by politicians and government bureaucrats. Either kind of action would pose a serious threat to the firm's investment or operations. Before the firm can seek legal remedies, it must clearly understand the options open to it.

In a legal sense, property refers to a resource over which an individual or a business holds a legal title. It is a resource that it owns. Countries differ in the extent to which their legal systems define and protect property rights, even those countries that are still nominally communist states. Property rights can be violated, sometimes by governments and sometimes by individuals or groups.

Determine form the followings if it pertains more to private or public actions in terms Of property rights and legal protections.

a. Legal mechanisms
b. Theft or blackmail
c. Bribery
d. Organizational plan/ protection money
e. Corruption
f. Weak legal system

Please refer to Explanation

Explanation:

PRIVATE ACTIONS in TERMS of PROPERTY RIGHTS and LEGAL PROTECTIONS.

These are actions that result from individuals or corporations that are not in the public domain.

Such actions include therefore.

a) Weak Legal System

Here the private action could be an individual taking advantage of a weak legal system to refuse to carry out an agreement knowing that the court will do nothing about it.

b) Theft of Blackmail

This is a private action where individuals or a group could try to steal or extort money from the company. For example, hackers stealing company data and demanding payment for it.

c) Organizational plan/ protection money.

Private action involving Racketeering.

PUBLIC ACTIONS in TERMS of PROPERTY RIGHTS AND LEGAL PROTECTIONS. .

These are actions by the Government or by it's agents.

a) Bribery

Public Actions where a government official or agent demands or would prefer that you pay them some fee to get things done faster or at all.

b) Corruption

Public action that goes hand in hand with bribery but encompasses more. For instance, the government may only award contracts to their own companies or companies they have a share in.

c). Legal Mechanisms

Public action that involves the laws and rules concerning the setting up of companies in the country such as licensing fees or Corporate taxes.

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